Perform Group PLC Notification of major interest in shares (9952X)
November 26 2014 - 2:00AM
UK Regulatory
TIDMPER
RNS Number : 9952X
Perform Group PLC
25 November 2014
For filings with the FCA include
the annex
For filings with issuer exclude
the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying Perform Group Plc
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- ---------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
---------------------------------------------------------------------------------- --------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
---------------------------------------------------------------------------------- --------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
---------------------------------------------------------------------------------- --------
An event changing the breakdown of voting rights
---------------------------------------------------------------------------------- --------
Other (please
specify):
------------------ -------------------------------------------------------------- --------
3. Full name of person(s) subject (1) Premium TV Group Limited
to the (2) Access Media, L.P.
notification obligation: (iii) (3) Access Media GP, L.P.
(4) Access Media (US), LLC
(5) Access Industries Holdings, LLC
(6) Access Industries, LLC
(7) AI PG LLC
(8) AI Value Holdings, LLC
(9) Len Blavatnik
------------------------------------------ ------------------------------------------------
4. Full name of shareholder(s) HSBC Client Holdings Nominee (UK) Limited
(if different from 3.):(iv) Pershing Nominees Limited
------------------------------------------ ------------------------------------------------
5. Date of the transaction and date 21 November 2014
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ ------------------------------------------------
6. Date on which issuer notified: 24 November 2014
------------------------------------------ ------------------------------------------------
7. Threshold(s) that is/are crossed Persons (7)-(8) above: 41%
or Person (9) above: 84%
reached: (vi, vii)
------------------------------------------ ------------------------------------------------
8. Notified details:
-----------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
-----------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ------------------------------------ ------------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- ------------------ -------------- ------------------------- -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ----- --- -------------- -------------- --------- ------------- --------------
ORDINARY
SHARES
OF 2 7/9
PENCE
GB00B3M55Q47 214,968,049 214,968,049 221,425,842 221,425,842 84.04%
------------- ---------------- ------------------ -------------- -------------- --------- ------------- --------------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- --------------- --------------------------------- --------------------------- --------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
-----------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- ------------- ------------------- ----------------------------- -------------------------
Nominal Delta
--------------- -------------- ------------- ------------------- ----------------------------- ------------ -----------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------- ----------------------------------------------------------
221,425,842 84.04%
----------------------------------------------------------------- ----------------------------------------------------------
*112,052,464 shares (42.53%) are held directly by HSBC Client
Holdings Nominee (UK) Limited as nominee and indirectly by each of
Premium TV Group Limited, Access Media, L.P., Access Media GP,
L.P., Access Media (US), LLC, Access Industries Holdings, LLC,
Access Industries, LLC and Len Blavatnik.
*109,373,378 shares (41.51%) are held indirectly by each of AI
PG LLC, AI Value Holdings, LLC and Len Blavatnik either through
Pershing Nominees Limited as nominee or as a result of acceptances
of AI PG LLC's takeover offer for Perform Group plc.
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
-------------------------------------------------------------------------------------
Premium TV Group Limited is controlled by Access Media, L.P. Access Media
GP, L.P. is the general partner of Access Media, L.P. Access Media (US),
LLC is the general partner of Access Media GP, L.P. Access Media (US),
LLC is controlled by Access Industries Holdings, LLC. Access Industries
Holdings, LLC is controlled by Access Industries, LLC which is in turn
indirectly controlled by Len Blavatnik.
AI PG LLC is controlled by AI Value Holdings, LLC, which is in turn indirectly
controlled by Len Blavatnik.
Proxy Voting:
-------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------ -----------------------------
11. Number of voting rights proxy holder will
cease
to hold:
------------------------------------------------------ -----------------------------
12. Date on which proxy holder will cease to
hold
voting rights:
------------------------------------------------------ -----------------------------
13. Additional information: N/A
------------------------------------------ -----------------------------------------
14. Contact name: Anastasia de Reuck
------------------------------------------ -----------------------------------------
15. Contact telephone number: Access Industries (UK) Limited
+44 20 7569 0045
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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